Securities / Derivatives

Korea Eases Criteria for Professional Investor Registration

14/08/2019

The move is expected to increase the pool of professional investors from under 2000 to over 370,000. A new trading venue for unlisted equity securities is also planned.

AML / KYC

Singapore Shell Companies Vulnerable to Money Laundering: MAS

14/08/2019

While money launderers and tax evaders have traditionally used offshore companies, some have shifted to onshore companies to evade detection.

Capital / Liquidity

BSP Issues Guidelines for Banks on Managing IRRBB

14/08/2019

Covered supervised institutions have until 1 January 2021 to develop or revise their policies and procedures in accordance with the guidelines.

Securities / Derivatives

Koscom to Develop New Platform for Trading Unlisted Securities

13/08/2019

The project, approved under the FSC’s sandbox programme, will also involve KEB Hana Bank, Hana Financial Investment and Amicus Lex, among others.

AML / KYC

Malaysia to Introduce e-KYC for Money Services Businesses

13/08/2019

BNM has set out the requirements money changers must observe in non-face-to-face customer onboarding, to ensure effective and robust AML/CFT controls.

ESG / Sustainability

ASIC Updates Guidance on Climate Risk Disclosures

13/08/2019

The new guidance describes climate change as a “systemic risk that could have a material impact on the future financial position, performance or prospects of entities”.

Securities / Derivatives

TOCOM Electricity Futures Approved for 17 September Launch

13/08/2019

The Tokyo Commodity Exchange has been granted approval to list electricity futures, after applying for a trial listing in March.

Crypto / Digital Assets

China Almost Ready to Release Central Bank Digital Currency

13/08/2019

PBOC deputy director for payments Mu Chungchun said the new digital currency and electronic payment system that would not rely entirely on blockchain.

Market Infrastructure

How a Consortium Created an Open Taxonomy for MAS 610

13/08/2019

Recognising the depth of the challenge posed by the new MAS 610 standard, AxiomSL decided that this industry challenge merited an innovative approach.